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Castorseed futures up on brisk buying

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 8:45 PM IST

Castorseed futures prices moved up by Rs 100 to Rs 5,177 per quintal today on aggressive buying, driven by firm spot markets sentiment.

Market analysts said brisk buying by traders against restricted supply amid pick-up in demand at domestic markets, pushed up the castorseed futures prices.

Higher overseas trend also influenced the trading sentiments to some extent, they added.

At the National Commodity and Derivatives Exchange, castorseed prices for delivery in May shot up by Rs 100, or 1.97%, to Rs 5,177 per quintal, with an open interest of 5,420 lots.

The April contract rose 1.49%, to Rs 5,194, with a business turnover of 6,060 lots.

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First Published: Apr 07 2011 | 2:05 PM IST

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